Winter storm slams U.S. northeast as NYC issues travel ban
CNBC • • business
Key Points:
- U.S. natural gas prices increased over 3% due to a massive winter storm impacting the Northeast, affecting 35 million people and causing widespread power outages.
- The storm is expected to bring 1 to 2 feet of snow, winds up to 70 mph, and coastal flooding across the U.S. East Coast.
- Natural gas futures for March delivery rose 3.2% to $3.14 per million British thermal units by midday London time.
- The National Weather Service issued blizzard warnings for 35 million residents from Sunday through Monday.
- New York City declared a local state of emergency and imposed a travel ban on all vehicles except emergency services from Sunday night to Monday midday.
